Incentives

Anson County may offer qualifying companies an Industrial Tax Grant as an inducement to locate or expand a manufacturing or logistics operation in the county. In order to qualify, a company must be engaged in the manufacture, warehousing, handling or shipping of a physical product at the facility. Beyond that, the company must meet at least two of the three base criteria; make a minimum capital investment of $3 million, create at least ten new, full-time jobs, or offer an average wage across all job functions at least 10% above the current county wage standard. Companies meeting two of these base criteria are eligible for a grant equivalent to 75% of the annual property taxes on the new investment for one year. Companies meeting all three of the base criteria are eligible for a grant equivalent to 75% of the annual property taxes on the new investment for five years. For companies meeting special "large projects" criteria, the grant may be extended to a sixth year. Tax grants are offered solely at the discretion of the Anson County Commissioners and are subject to a public hearing and vote.

Example: A manufacturer investing $5 million and creating 30 new jobs would be eligible for a county tax grant of $156,000 paid over five years.

The Town of Wadesboro may offer qualifying companies an Industrial Tax Grant as an inducement to locate or expand a manufacturing or logistics operation within the Wadesboro city limits. In order to qualify, a company must be engaged in the manufacture, warehousing, handling or shipping of a physical product at the facility. Beyond that, the company must meet three base criteria; make a minimum capital investment of $3 million, create at least ten new, full-time jobs, and offer an average wage across all job functions at least 10% above the current county wage standard. Companies meeting these base criteria are eligible for a grant equivalent to 75% of the annual property taxes on the new investment for five years. For companies meeting special "large projects" criteria, the grant may be extended to a sixth year. Tax grants are offered solely at the discretion of the Wadesboro Town Council and are subject to a public hearing and vote.

Note: Industrial Tax Grants are not mutually exclusive; a company may qualify for both Anson County and Town of Wadesboro grants for the same project.  

Bootstrap Grants are available to businesses operating within Anson County that have been in business less than 24 months at the time of the grant request. The grant is aligned with the N.C. Rural Center Thread Capital program, and is designed to promote and enhance participation in that program (www.ThreadCap.org). The Bootstrap Grant will compensate qualifying business owners for the first three payments of the Thread Capital loan, up to a total of $2,500. Businesses wishing to apply for a Bootstrap Grant must first apply for and be accepted into the Thread Capital program. Once a loan has been approved through Thread Capital, the business may request a Bootstrap Grant by filling out the online grant application form. AnsonEDC staff will acknowledge receipt of the form and will hold a review and procedural vote at the next scheduled meeting of the AnsonEDC board. Funds will be disbursed to the business owner within 10 business days of the board vote. Businesses may request only one Bootstrap or Enterprise Grant within any 24 month period. 

Enterprise Grants are available to businesses operating within Anson County that have been in business for 24 months or more at the time of the grant request. The grant is designed to promote the growth of smaller existing businesses in Anson County. The Enterprise Grant will match 10% of the loan amount from any accredited lending institution, up to $5,000. Businesses wishing to apply for an Enterprise Grant must first apply for and be issued a loan. Once a loan has been approved, the business may request an Enterprise Grant by filling out the online grant application form. AnsonEDC staff will acknowledge receipt of the form and will hold a review and procedural vote at the next scheduled meeting of the AnsonEDC board. Funds will be disbursed to the business owner upon completion of the expansion project. Businesses may request only one Bootstrap or Enterprise Grant within any 24 month period. 

Vetrepreneur Grants are available to honorably discharged veterans of the U.S. Armed Forces who are seeking to open a business in Anson County. Business opportunities must be new and in operation for six months or less at the time of the grant application, and the business must be majority (51%) veteran-owned.

The grant is aligned with the N.C. Rural Center Thread Capital program, and is designed to promote and enhance participation in that program (www.threadcap.org). The Vetrepreneur Grant will compensate qualifying veteran-owned businesses for the first three payments of the Thread Capital loan, up to a total of $10,000.

Veterans wishing to apply for a Vetrepreneur Grant must first apply for and be accepted into the Thread Capital program. Once a loan has been approved through Thread Capital, the veteran may request a Vetrepreneur Grant by filling out the online grant application form at www.AnsonEDP.com.

AnsonEDC staff will acknowledge receipt of the form and will contact the applicant with any questions about their application. The application will be reviewed and procedural vote taken at the next scheduled meeting of the AnsonEDC board. Funds will be disbursed to the business owner within 10 business days of the board vote. Veterans may request only one Vetrepreneur Grant within any 24 month period.

 The Anson Economic Development Corporation may select, solely at its discretion, distressed buildings which are currently available for sale and offer potential buyers a grant for the general upfit and improvement of the building. Distressed buildings are defined as those which have been vacant for at least one year and have significant structural, aesthetic, or usability issues which impact their marketability. 

Upfit Grants are attached to specific eligible buildings and are generally available from Board approval until the building is sold unless the Anson Economic Development Corporation Board votes to revoke the grant opportunity. The grant amount is fixed at the time of approval, not to exceed $20,000, and is based on the anticipated costs associated with improving the marketability of the building. Typical costs include, but are not limited to, new lighting, parking lot paving, facade construction, office upgrade, and signage. The grant, however, does not specify a particular use and the recipient may use the funds for any reasonable purpose related to uplifting the building for their use.